JPMorgan CFO Braunstein may step down: WSJ

Published October 10, 2012

| Reuters

JPMorgan Chase & Co 's Chief Financial Officer might step down and take another post within the company, the Wall Street Journal reported, citing people close to the company.

The paper's sources said that although it isn't clear where Douglas Braunstein might end up, there was a possibility he could move to J.P. Morgan's recently combined corporate and investment bank.

JPMorgan was not available for comment outside of U.S. working hours.

Last week, JPMorgan said Barry Zubrow, who was head of risk management at JPMorgan when the bank was building an overly large position in credit derivatives, is retiring.

(Reporting by Krithika Krishnamurthy in Bangalore; Editing by Ken Wills)

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